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Our Sustainability FrameworkThe challenges of the future areconsiderable–climatechange,environmental degradation, extremeweather events, water scarcity, amongothers pose an existential threat tohumanity. 2020-21 was the year, whenthe COVID-19 pandemic raged throughseveral parts of India, when all thenormal activities were shut, familiesand friends faced untimely loss of manylives with broad disruption of economicactivities. Such risks, encompassingtopics ranging from climate change tohealth and safety of workforce, also haveprofound implications on businesses.It affects all sectors and challengeseven the most progressive companies.Sustainability risks are getting more andmore attention from our stakeholders– investors, shareholders, employees,customers, supply chain partnersand others. Monitoring and tacklingthese risks is the need of the hour.They are intrinsically linked to financialperformance, organisational resilience,and retaining stakeholder trust.For PI Industries, sustainability meansmore than just countering risks. We viewsustainability as a source of competitiveadvantage and key to our businesscontinuity & success. We closelymonitor global trends, align our strategicapproach with evolving best practices,and create shared value for all. The valuethat we pursue can only be co-createdby cumulative contributions from allstakeholders. Representation of thesocial and environmental stakeholdersis ensured through relevant policies andproxies at the highest governing andoperational levels.The evolving ESG (Environment,Social and Governance) doctrineoffers an effective framework tobenchmark, define, aim, measure,report, and improve one’s ESG priorities.This has helped us to identify oursustainability priorities, which guidesus in development and implementationof associated initiatives across ourvalue chain. The 17 SustainableDevelopment Goals (SDGs) also playa crucial role in guiding our actions tocontribute towards a more prosperous,socially-inclusive, and environmentallysustainable world.Water scarcity, climate change, energyconsumption, health issues are amongstthe most pressing challenges intoday’s scenario. Water consciousnessremains at the core of our sustainabledevelopment priorities, more sobecause, being an agri input providerthis is not just limited to our operationsbut to the farming community acrossthe country as well. PI continuouslyexplores avenues to reduce waterconsumption, energy efficiency andGHG intensity across its processes withsimultaneous commitment towardsthe community. To drive solutionsfor overcoming these challenges, therigorous process for formulating aframework aligned with the SustainableDevelopment Goals (SDG) reflects PI’scontinued commitment to contribute totheir accomplishment.Creating shared value for allThrough its products and services, PI Industries contributes to sustainable agriculture and livelihooddevelopment of farmers. Ensuring satisfaction of our customers is of paramount importance tous. Key tenets to meeting the customer requirements in a responsible manner includes innovation,product stewardship, operational excellence. We also strive to create long-term economic value for ourshareholders. Our community development programs drive socio-economic development in the country.OursustainabilityprioritiesReducing our ecological footprintWe apply the concept of eco-efficiency to assess our environmentalperformance due to our operations. We focus on reducing theconsumption of resources (water and energy), improve raw materialefficiency, incorporate circularity in operations, and reduce emissions andwaste production.Empowering our peopleWe aim to become an employer of choice by empowering individuals to reachtheir full potential. We aim to build an inclusive culture where diversity of allemployees is valued. We respect human rights of all and strive to uphold themacross our operations. Another key tenet of business sustainability is upholdinghigh standards of safety and health across operations and locationsSustainabilityReport2020- 21SustainabilityReport2020- 21 0707

Sustainability Goals - 2025With a strong focus on building a safer andmore sustainable future for supportinggreener planet, citizens of the world, andgreen circular economy PI Industries haslaunched its sustainability commitments in2020, for the next five years.Climate change is one of most criticalchallenges faced by the humanity. As apart of its commitment to combat climatechange, PI Industries is pleased to provideits support to the Task Force on Climaterelated Financial Disclosures. Going forward,we will leverage TCFD to understand wherethe gaps lie in our sustainability and climateinitiatives and align our disclosures with itsrecommendations.INCREASE OPERATIONAL ECOEFFICIENCY AND REDUCINGECOLOGICAL FOOTPRINT61213 Increase renewable energy usage to 20%of total Reduce CO2 emission by 25% Reduce landfill Hazardous waste by 25% Reduce fresh water consumption by 25%ACHIEVE BEST IN CLASSEMPLOYEES SAFETY,HEALTH AND WELLBEINGSTANDARDS AND DIVERSIFIEDCULTURE AT WORKPLACE458 Reduce lost-time injury frequency rateto 0.20 Ensure NIL fatal injury in plant operations Increase employees average traininghours per FTE by 25%. Increase women participation inleadership positions by 25%08 PI Industries LimitedCONTRIBUTE TO IMPROVEFARM PRODUCTIVITYAND PROSPERITY OF THEFARMERS AND INCLUSIVEDEVELOPMENT & WELLBEINGOF THE SOCIETY.4810 Introduce new technologies/product/services and intensify farmers’education to improve the farmproductivity and reduce environmentimpact of agriculture by saving waterusage Conduct skill development trainingfor women and youth to improve theiremployability and independence Contribute for education andhealthcare of underprivileged in thesociety.

Key Sustainability Performance IndicatorsWith a strong focus on building a safer and more sustainable future for supporting greener planet, citizens of the world, andGreen economy we continue to support and contribute to UN SDGsCreating shared value for allREVENUEGENERATEDEMPLOYEMENTINCREASED BYCSREXPENDITUREINCREASED BY25%INCREASED BYFROM LASTYEAROVER LASTYEARFROM USWASTEREDUCTION BY30%6.35%Reducing our ecological footprintWATERCONSUMPTION(SPECIFIC)REDUCED BY17%FROM LASTYEAR6X35%Empowering our peopleSHARE OFWOMEN INSTEMPOSITIONS10%TOTALEXPENDITURE ONLEARNING ANDDEVELOPMENTINR 2.4 CROREFATALITY CASESSINCE LASTYEARZEROSustainability Report 2020 - 21 09

Our Vision“Building on the foundation of trust, we shall be at theforefront of science-led opportunities by deliveringinnovative solutions.”Our ValuesTRUSTLike the earth, we are dependableWe work with integrity of purpose,honesty in action and fairness in allour dealings.SPEEDBlazing ahead, like fireQuick and agile like fire, weconstantly strive to work with speedin the way we observe, think and act.INNOVATIONEnlivening, like the airA constant quest for reaching new horizons,the never-ending search for a better andnovel way to do things. Innovation is a wayof life for us.ADAPTABILITYAdaptive, like waterConstantly transforming ourselves like water,we are free flowing, adapting and highlyresponsive to change.10 PI Industries Limited

From theChairperson’sDeskSustainability is no longera choice but critical for theresilience of our planet.For us, at PI, sustainabilityhas always been a way oflife, shaping our thinking,planning, execution and ouroutlook. Beyond agriculture,as we move into healthcare,our goal is to aggressivelyinnovate towards a healthierplanet with all its inhabitants.Dear Stakeholders of PI,Sustainability is no longer a choicebut critical for the resilience of ourplanet. For us, at PI, sustainabilityhas always been a way of life, shapingour thinking, planning, execution andour outlook. Beyond agriculture,as we move into healthcare, ourgoal is to aggressively innovatetowards a healthier planet with all itsinhabitants.Sustainability Report 2020 - 21 11

Being inspired by science, we takeevery opportunity to push theboundaries of today’s technologies tocreate new possibilities for fulfillingour stated sustainability goals.Every activity of ours embraces theguiding principle of ResponsibleCare and our commitment to makethe environment safe and better.Our work in the agricultural andfood production systems is aimedat to enable environmentally safe,economically enriching and, positiveimpact on communities.Embracing and adapting with agility,the wide array of new and emergingtechnologies makes our journeyand the ability to contribute moreexciting. As we move ahead we areworking on setting new and moreurgent goals, as we believe speed isof essence to safeguard our planet.We are continuously working to bringdown our emissions, switch over torenewable energy sources, and bringdown consumption of water, notonly in our production processes butalso of the way our farmers utilisethis precious resource. PI’s effortscommences at the planning stagewhen each and every investment,business proposition, supply chainand commercial arrangements arelooked through the sustainability lens.Sustainability improvement goals are12 PI Industries Limitedset for production processes, vendorenrolment and procurement, supplychain management, marketing andsales, information technology andfor our end customer outreachprograms.Greener chemistry is a focus areafor the in house dedicated R&Dteam and Engineering supportingwith more efficient utilities andprocess plants. Digitalisation inourmanufacturingprocessescombined with the insights gainedthrough AI adds to efficienciesreducing our environmental footprint. Being a pioneer in biologicals,PI has extended it beyond nutrientsto a wider array, including in itsmanufacturing processes.Serving communities beyond ourimmediate stakeholders is dearto our heart.At the Corporatelevel and at the individual level ouremployees work to bring abouttransformative impact.Projectsaimed at empowering farmers andour local communities with a specialemphasis on women and youthempowerment programs result in awide variety of benefits such as waterconservation,farmproductivityefficiency, income from farming andoverall financial & legal literacy ofpeople. Our Projects namely ‘DirectSeeding Rice’ and ‘Employmentlinked skill development trainingprogram’ have made substantialimpact and we continue toemphasise and work on theseinitiatives.It is a matter of immensesatisfaction for me to share ourfirst ESG/Sustainability reportwith you. I recognise that it is abeginning, but with this step, ourdrive to improve will only grow.Our endeavour is to re-imagine ahealthier planet, apply ourselvesand our resources, currentand future, push the frontiersof technology to evolve into alife sciences Company whichcontinues to work for a better andsafer world.I thank all stakeholders for yourcontinued patronage and lookforward to your support in thisnew, challenging and wondrousjourney. Do participate in oursustainability journey with yourfeedback on this report mailed tome at sustainability@piind.com.With warm regards,Narayan K. Seshadri

Commitment TowardsSustainabilityOur Commitment“The Company stands committed to its responsibility towards society and our goal is to ensure that our economicgrowth is socially and environmentally sustainable. Our business efforts would be towards inclusive developmentand we aim that people grow with us and we grow with people. We attract, nurture and help people grow.”Sustainability PolicyWe are an ethical Company dedicated to ensuring that we use only those resourcesrequired to achieve our legitimate business objectives, while doing what we canto conserve existing natural resources such as to ensure that there will be sufficientresources for future generations, while also contributing to our communities and thecommunities in which we and our suppliers and customers live.We shall conduct our business responsibly, with integrity and with respect for the interestof all our stakeholders who are directly or indirectly related to our operations.We shall uphold the values of trust, honesty and just dealings in our relationship with allstakeholders.While pursuing our business objectives, we shall always endeavour to strike theright balance amongst economic progress, environmental protection and socialresponsibilities.We shall adopt principles of Responsible Care and encourage and support our partnersto embrace these principles.Create conducive environment for the employees and community in and around ourbusiness operations for improvement in quality of life through enhanced economic,educational and healthcare opportunities.Continually improve and enhance our capabilities through innovative approach to deploysustainable technology solutions and efficient use of scarce and natural resources.We shall always comply with, and exceed, where practicable, all applicable legislation,regulations and codes of practice.It is the responsibility of each employee of the Company to ensure that these principlesare upheld across our business operations and commercial relationships, and that eachemployee serves as an ambassador for the company in all our communities.Sustainability Report 2020 - 21 13

Policies focussed towards EnvironmentAt PI Industries, we have following policies driven from our approach towardssustainability.PURPOSEInculcate the principles of safety, health and environmental care in our processesSUSTAINABILITYPOLICIESEnvironment Healthand Safety (EHS)PolicyOBJECTIVEAssist Board in fulfilling its responsibilities in respect of development, implementation, andmonitoring of the Company’s initiatives related to sustainabilityBoard RepresentationSUSTAINABILITYCOUNCILOperating TeamEnergy ManagementPolicyVC & MD, JMD, EDQuality PolicyExecutiveManagementSustainableProcurement PolicyCEO, COO, CFO, CPO,Head EHS, Head Procurement, Head Marketing, Head HR, HeadOperations, ESG Expert officer, BU Head, Lead ComplianceGovernance for SustainabilityIn our efforts to further institutionalise sustainabilityin our governance mechanism, we have formalised asustainability Council of cross-vertical team members.Primary objectives of the Council is to assist the Boardin fulfilling its responsibilities in respect of development,implementation, and monitoring of the Company’ssustainable development policies. The Committee willalso review reports, if and when required, for inclusion inthe disclosure documents for the Company.We have been awarded Responsible Care logoauthorization by Indian Chemical Council fromNovember 2018 until October 2021.14 PI Industries Limited

Future-proofing our BusinessFor PI Industries, risks are definedreport cyber security risks h the business of the company andRobust risk management is inextricablystrategyto review the adequacy of the existinglinked with business continuity. With aasmeasures to mitigate the said risk.focus on ensuring operational .haveanenterprise-PI regards business continuity vital,managementframeworkespeciallyManagement of risks enables uswideto anticipate the evolving operating(ERM) to support its vision andbusiness continuity plans ensure thatcontextachieve its business objectives. Thethe identified risks don’t disrupt ourkey elements of the ERM includeoperations and business. We are ty.frameworkencompasses practices related to yeespartofincurrenttimes.Ourtoconsiderto announce that we have deployedtheirdecision-a Business Continuity System in theevaluation,making process; Risk identification,South of the Country with all criticaltreatment, mitigation, and monitoringevaluation, prioritisation, consolidationbusiness systems having the capabilityof the strategic, operational, and legaland monitoring; Implementing riskof being operated from the alternate& compliance risks to achieve its keymanagement policy.location.business objectives. Risk Managementat PI seeks to minimise the adversePIimpact of these risks by deployingpromote culture of Adaptability, Trust,business strategy starts with a clearmitigation measures, thus, enablingSpeed and Innovation by adoptingunderstandingthe Company to leverage marketaccountability, transparency and excelwith due focus on their sustainabilityopportunities effectively and enhanceperformance. We follow a structure toelements. At PI industries, we closelyits long-term competitive advantage.identify, mitigate and monitor risks. Allmonitor and try to align our strategicThis is done through periodic reviewbusinesses, new projects and relatedapproach with global sustainabilitymeetings of the senior leadership.activities go through a detailed feasibilitytrends and risks. We have defined clearOurCommitteestudy by internal or external teams toaction plans to address and mitigatecomprises of five members, majorityassess risks associated with them.these sustainability risks. We are alsobeing board members including oneWe also give paramount importanceguided by the recommendations of theIndependentprimaryto the risk assessment exercisesTask Force on Climate-related Financialresponsibilities of the Committee include:which are conducted at manufacturingDisclosures (TCFD) in identifying anyunitsclimate-related risks and tFramework and recommend the mprove RiskManagement Processitsapproval. Establish that appropriatemethodology, process and systemsare in place to monitor, evaluateand report risks associated with thebusiness; Review the adequacy of theReport Risks LevelRiskexisting measures to mitigate variousrisks; Evaluate and approve new risksand mitigation measure that may beIdentify RisksMonitor RisksEvaluate Risksrecommended by the Chief Risk Officerin respect of any function and reviewthe action for its implementation on anongoing basis;Evaluate and direct thatappropriate processes and systemsManage Risksare in place to monitor, evaluate andSustainability Report 2020 - 21 15

Our Sustainability-related RisksRiskRaw materials and wasteRisk DescriptionMitigation MeasuresManufacturing of agro-chemicals use Optimising the use of virgin materialsand produce significant amounts of Solvent recovery and reusehazardous materials, including rawmaterials, intermediate, and finalproducts. The handling, storage, andtransportation of these materialsshould be managed properly tominimise environmental and healthimpacts Using smart packaging Improving the yield of intermediate productsto reduce waste generation and raw materialconsumption Implementing proper waste managementprocedures at sites setting up formal procedures and trainingemployees on implementation of chemical usguidelines for manufacturingProduct useThe misapplication of agro-chemicals Undertaking bio-efficacy studiescan represent a serious threat to Phasing out particularly harmful ingredients withlocal biodiversity, environment, andwater resources. The release of activeingredients and toxic runoff fromfields into groundwater and rivers canspread toxic chemicals throughoutwatersheds, causing potentiallyirreparable biological damage.Employee health andsafetyThere are a wide range ofless dangerous substitutes during product design Supporting the proper use of products,

Our Service Offerings across value chain The Year That Was Memberships and Associations 07 Our Sustainability Framework Sustainability Goals - 2025 Key Sustainability Performance Indicators Our Vision 11rom the Chairperson's Desk F 13 Commitment Towards Sustainability olicies focussed towards EnvironmentP Future-proofing our Business